Daily Market Analysis

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.

It's likely that the pair is going to reach the nearest resistance. If a pullback from this level happens next, there'll be a moment...

The main intraday target is the next support at 1.1519. A pullback from this level could be a departure point for an upward correction...

It's likely that GBPUSD is going to test the next support at 1.2844 - 1.2763. However, if a pullback from this level happens next...

The market is going to test the next support at 1.1529. A pullback from this level could be a starting point for an upward correction...

On the daily chart of XAU/USD, bulls couldn’t break the resistance at 1,216 and hold the pair above 1,209.

On the daily chart of USD/CAD,  bears couldn’t break the support at 1.2885 and keep the pair below 1.296.

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; an irregular dead cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan.

On September 4, the Reserve Bank of Australia will release the interest rate.

The market is likely going to test the closest resistance at 111.24. This level could be a starting point for a decline towards 110.58...